Building Details

Building Size 21,168 SF

Year Built 1940

Units 12

Listing Agency: Deepak Hemrajani Inc Show Phone

Listed By: Deepak P. Hemrajani PSA SRS CBR Show Phone

Source: Croninreale

Added: Oct 21, 2025 Changed: Oct 23 Last Checked: Oct 23 at 9:50AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Deepak Hemrajani Inc

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This industrial warehouse complex occupies 2 acres and includes 12 workshops and 24 tenants. Three workshops are available for lease. Building features include high ceilings and roll-up doors, while wide driveways provide truck access. The site is gated along one side and includes parking.

Located at 75 Windsor Avenue in Mineola, New York, the property was built in 1940.

Key Highlights

• 2‑acre industrial property with 12 workshops
• 24 tenants across the complex
• Three workshops available for lease

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$367,858

Cap Rate

4.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,357,160 $7.4M

Cap Rate 7%

$5,255,114 $5.3M

Cap Rate 9%

$4,087,311 $4.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 21,168 SF

Gross rent

$464.8K $21.96/SF

− Vacancy

−$32.1K −$1.52/SF

EGI

$432.8K $20.44/SF

− OpEx

−$64.9K −$3.07/SF

NOI

$367.9K $17.38/SF

Area

Nassau County, NY

Vacancy

6.90%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,357,160

Cap Rate 7%

$5,255,114

Cap Rate 9%

$4,087,311

Alternative Uses

Best Use

Warehouse

$5.26M

$4.60M – $6.13M (±1% cap)

NOI $367,858 @ 7.0% cap · market cap 4.91%

Second Best

Industrial

$4.33M

$3.79M – $5.05M (±1% cap)

NOI $302,942 @ 7.0% cap · market cap 4.04%

Theoretical Best

Specialty Retail

$14.00M

$12.25M – $16.33M (±1% cap)

NOI $979,708 @ 7.0% cap · market cap 13.06%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Competition Mower Repairs General Contractor Gettler Joseph J ... Industrial Manufacturer One Stop Auto ... Auto Repair Shop Denis Auto Collision Auto Repair Shop TLC Metal Restoration ... Powder Coating Service

Suggested Use

Top Pick Daycare Center Bakery Catering Service Storage Facility (Bike/Boat/Book/etc) Store Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

2,162

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 11501, NY

21,189

Population

9,174

Households

2.3

Avg Household Size

42

Median Age

55%

College-Educated

88%

High-School Grad

2.0 sq mi

ZIP Area

10,595

Density / Sq Mi

$138,323

Median Household Income

$78,840

Median Earnings

$2,267

Median Rent

$627,200

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Similar Off Market Nearby

• Omega Self Storage — 99 E 2nd St, Mineola, NY 11501
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Frequently Asked Questions

What type of property is this?

Warehouse - A multi-tenant property with workshop space, roll-up doors, and truck access serves a range of industrial businesses.

Where is this warehouse located?

The property is located at 75 Windsor Avenue Mineola, NY.

What is the asking price?

The asking price for this property is $7,499,000.

What are key features of this property?

This property features: 2‑acre industrial property with 12 workshops; 24 tenants across the complex; Three workshops available for lease